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You've successfully concluded the transaction, you have a signed contract (or offer to purchase) from the buyer. What do you do now?
Send copies of the agreement to the purchaser as well as to the transferring attorney with a covering letter requesting them (the attorneys) to handle the transfer of the property.
The deposit (if applicable) should be obtained from the purchaser, either by yourself, the conveyancing attorney or the bond originator. This should be deposited into the attorneys TRUST ACCOUNT.
Copies of the buyers’ Identity Documents, marriage certificates, proof of residential address, Antenuptual (ANC) agreements, divorce documents etc. will be required by the conveyancing attorney as well as the bond originator, if applicable.
Copies of the sellers’ ID document and proof of residence (FICA) will be required by the attorneys, have these ready to avoid delays.
The bond originator / financial institution will complete the bond application with the buyer.
The bond originator will arrange for a bank valuation of the property.
The bond originator will advise all parties to the transaction of the bond grant.
Follow up on all suspensive ("subject to") conditions if applicable.
Keep in contact with the conveyancing attorney and follow up on progress.
Respond as soon as possible to any requests from the transferring attorneys to avoid delays.
Login to the GolfRealty™ web site, navigate to the Update/View page, View your listing and click the SOLD tick box –this will prevent further enquiries being directed to you.
See also Purchasing Process
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